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BID

IBB: Time at mode downtrend failure is a wake up callThe implications are that since IBB failed to hold below 282.68 and drop with the market, we might see a strong risk on move accross the board. We can also examine BID to find it's holding earnings support. These two stocks can tell you a lot about the direction of the broad market, as illustrated by Tim West in his publications. I am net long again, but with an open mind. Until FOMC, I doubt the market falls again, and we might even make a new all time high. Cheers, Ivan Labrie.
NASDAQ:IBBLong
by IvanLabrie
SOTHEBYS DIVERGENCE?While Morgan Stanley and others (I assume) are suggesting to their investors to be overweight on consumer discretionary, I find it interesting that sothebys has been falling off with the market relatively flat. We saw sothebys divergence in early 2014 that preempted a modest market correction, and in the past, sothebys has rarely failed to follow market direction, when it has diverged, we saw the market drop (see Y2K bubble). Wondering if sothebys is telling us we'll see another test of something around 1820 in the coming year. Thoughts?
SP:SPXShort
by WilsonMcNasty